Using a sample of 1154 European firms from 11 countries, we show that firm-levelexchange exposure for Eurozone and non-Eurozone … European firms has increased sincethe introduction of the euro, but this rise was smaller for Eurozone than non … Eurozone countries, so the advent of the euroappears to have been associated with a shift in exchange risk from systematic to …

central bank less conservative than society, however if the outside option is in real terms. As the nominal components of the … optimal if the government can choose the level of unemployment benefits as well as the degree of central bank conservatism. …

bank's control, and ignores the role played by the quantity of money in the transmission mechanism. Even though monetary …

analysis of the laws, which regulate the activity of the Bank of Lithuania and its monetary policy, analysis of scientific …

the process of monetary policy. This paper aims to assess the degree to which the South African Reserve Bank's (SARB …

anchoring inflation expectations. If a central bank is credible, the financial markets should react less sensitively to … macroeconomics surprises, because they trust the central bank to manage these incidents and achieve the objectives they communicated … in the original studies supports the contention that the SARB (South African Reserve Bank) has encouraged inflation …

The Central Bank of Turkey (TCMB) has a significant power on aggregate demand and inflation expectation via monetary … Central Bank) if the policy makers should take into consideration Taylor Rule that mainly depends on the interest rate or …

confirma estos resultados. ; We show that local central bank policies attenuate global financial cycle (GFC)’s spillovers. For …

alleviates the price puzzle. In general, prices are driven mainly by foreign factors and the European Central Bank monetary … policy shock on Slovak prices is more powerful than that of the National Bank of Slovakia. Slovak central bank interest rate …

was handed over to the European Central Bank. A voluntary rejection of monetary national independence and transition to ….SUMMARYBy establishing the Economic and Monetary Union (EMU) and the European Central Bank the EU made an important step towards finalization … the Euro-zone. Moreover, the EMU creates conditions for economic and monetary stability all over Europe which allows for …